On December 31, 2021, Interlink Communications issued 8% stated rate bonds with a face amount of $109 million. The bonds mature on December 31, 2051. Interest is payable annually on each December 31, beginning in 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine the price of the bonds on December 31, 2021, assuming that the market rate of interest for similar bonds was 9%. (Round your final answers to nearest whole dollar amount.) 30 8% $ 8,720,000 Price of bonds